Orbex - Forex Trading Library

EURUSD hoping to hold on to gains The euro bounced back from the February low as Jerome Powell reiterated the Fed was at a terminal rate. Speculation regarding a potential Fed rate cut has intensified amidst the FOMC's expectation of…
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Geopolitics is pushing the price of crude higher, leaving behind analysts' predictions that the price of "black gold" would remain subdued this quarter. Overnight, the price of Brent jumped above $90/bbl, after weeks of progressive gains…
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XAUUSD another rally incoming Gold continues surging after Fed Chair Powell confirmed that rate cuts will happen at some point this year. After a confirmation above 2260, prices kept pushing higher to test 2300. Bulls could see some…
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Markets are looking forward to Friday's barrage of labor statistics from the US, including the US March NFP, with a certain amount of trepidation. That's because economic data coming out so far this week has generally pointed to a more…
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SPX 500 holds on to gains The SPX 500 saw another record close as the new quarter began. With bulls remaining bullish, sentiment follows as another run towards 5300 is in sight. The slow, choppy grind to the upside could have some…
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When the BOJ raised rates last month, it was natural to presume that the yen would get stronger, reflecting expectations for Yen strength in response to interest rate hikes. That's what normally happens to currencies when interest rates go…
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USDCAD regains focus The Canadian dollar witnessed a pullback after an uptick in manufacturing PMI data. The pair fell lower on the chart after hitting a triple top, just above 1.3600. After sinking to the 1.3500 area, prices are now…
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Tomorrow sees the release of preliminary CPI figures from the Eurozone for the month of March. Typically the figure is not revised much for the final result, so the market generally takes its cue from the first look at the data. Also, this…
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